4 min read
Leasing agents are crucial players in the real estate industry. They operate as a critical link between property owners and prospective tenants....
3 min read
A master lease is a contractual agreement where an individual or property management company (the master tenant) leases an entire property from...
3 min read
An assignment of lease, or lease assignment, is a critical concept in property management where an existing tenant (assignor) transfers their rights...
3 min read
In the intricate realm of property management, comprehending and handling lease agreements is essential. One way to manage leases effectively is to...
3 min read
A percentage lease is a commercial lease agreement where the tenant pays a base rent plus a percentage of their gross sales...
3 min read
Adverse possession is a principle that allows a trespasser to legally claim ownership of land they’ve occupied for an extended period, provided...
3 min read
Market rent refers to the average amount tenants are willing to pay for a rental property in a specific location, taking into...
5 min read
A rent escalation clause outlines when and how much rent can increase during the lease term.
4 min read
A ground lease, also known as a land lease, is a lease agreement where the tenant leases the land from the landowner...
3 min read
A lessee is an individual or entity that leases an asset from another party, known as the lessor. In real estate, the...
4 min read
Tenant improvements (TIs) are modifications to a rental space to suit a tenant's specific needs.
4 min read
Vacancy loss refers to the financial impact experienced by landlords or property owners when rental units or properties remain unoccupied for a...
9 min read
Lease options are like standard lease agreements, except they allow tenants the option to buy a rented property after a specified period,...
6 min read
A gross lease, most common in commercial leases, is one in which the tenant pays a flat fee for rent, and the...
6 min read
Habitability standards represent the minimum requirements a dwelling must meet to be considered fit for human habitation.
6 min read
Rent control laws dictate the amount a landlord can charge for rent and lease renewals.
8 min watch
In this episode of 'Be A Better Landlord', we are joined by Kayla Mahoney, a Commercial Real Estate Advisor from Capital Property...
10 min read
Explore the HOA definition! Learn how homeowners associations operate and impact property management and owner responsibilities.
4 min read
Understand rent ledgers with our Landlord Glossary article. Get insights into tracking rental payments and maintaining financial records.
3 min read
A leasehold estate is a property interest that a tenant (lessee) holds thanks to a lease agreement with a property owner (lessor).
3 min read
A modified gross lease, the tenant pays a base rent and then takes on a proportional share of other costs associated with...
3 min read
A Turnkey Property is a home (single-family residence, duplex, or apartment) that is ready for a tenant to move into from day...
4 min read
Subleasing is an option for handling the remainder of a lease that a current tenant is unable to complete.
5 min read
Subletting is one of the most common options for covering a portion of a lease if a current tenant needs to move...
4 min read
Learn what a real estate agent does, their skills, and how they facilitate property deals for buyers and sellers
4 min read
Explore the role and importance of a real estate broker in property transactions with our clear definition.
3 min read
Unravel financial aspects of property management with our Net Operating Income (NOI) definition. Learn more landlord terms here.
3 min read
Master real estate with our definition guide, starting with an in-depth look at real estate investment from a landlord's perspective.
3 min read
Discover commercial property management: tenant acquisition, leases, maintenance, and unique challenges vs. residential.
3 min read
Discover Apartments: From Multifamily Properties to Ownership Pros and Cons - Learn all about what apartments mean.
2 min read
Explore Amenities in Property Management: Learn how these desirable features enhance the appeal of homes, apartments, and communities.
5 min read
Lease addendums allow landlords to make changes to their current lease agreement, such as adjusting the rent payments or adding a pet.
7 min read
As a landlord, you might have to deal with squatters at your vacant rentals - learn what rights squatters have and how...
13 min read
Wondering what is a security deposit? Learn how to manage them responsibly, what they cover, and how to return them to your...
8 min read
Whether you're a landlord or tenant, use this rental arbitrage guide to determine if the business is right for you and your...
7 min read
Discover the concept of a passive house, its environmental and residential advantages, and the reasons it offers a wise investment path for...
5 min read
A self-help eviction refers to any steps taken by a landlord to evict a tenant independent of the legally permissible methods.
5 min read
Defining normal wear and tear is tricky and varies by state. Learn more about how to distinguish wear and tear from tenant-inflicted...
6 min read
Understand the benefits and considerations of a home warranty for landlords, covering repairs and replacements of key home systems and appliances.
2 min read
A self-contained living space that is an extension of an existing property.
4 min read
A duplex house is a residential property consisting of two separate units in a single building.
5 min read
A legal process in which a landlord removes a renting tenant from their rental property.
3 min read
A halting of evictions, often under specific conditions, as enacted by Congress on March 2020 in response to the COVID-19 pandemic.
3 min read
The right to choose housing free from discrimination based on protected attributes, including sexuality, national origin, and race.
3 min read
A three-digit number that summarizes a borrower’s financial history to communicate their lendability.
3 min read
A rental unit that comes pre-supplied with the furniture and appliances that its tenants will require.
5 min read
Someone who agrees to be on a lease and guarantees to pay a tenant’s rent in the event that the tenant defaults...
3 min read
A form of revolving funds that allows you to borrow money against your home’s value over time.
2 min read
Homeowner insurance is an insurance policy designed to protect the borrower’s primary residence.
5 min read
A renter who doesn’t vacate the unit after the expiration of their lease without a renewed contract.
5 min read
The process of renting out a portion of your primary residence, either as a long-term or short-term rental.
4 min read
Real estate purchased to generate income through rental income or appreciation.
5 min read
The owner of a house, apartment, condominium, or other real estate which is rented or leased to a tenant.
3 min read
A type of insurance policy that protects property owners who rent out their property.
3 min read
A written or verbal complaint made against a person or group that’s causing excessive noise.
4 min read
Any movable property that is not permanently attached to real estate. This includes furniture, appliances, and vehicles.
3 min read
A one-time fee landlords can ask tenants to pay to mitigate the cost of property damage and losses caused by their...
5 min read
The amount a landlord will charge a tenant when they are only occupying a property for part of the agreed-upon term.
4 min read
A change, exception, or adjustment to a rule, policy, practice, or service intended to help a person with disabilities use and enjoy...
2 min read
The act of a landlord or property manager gathering the monthly rent payment from their tenant on a set date as outlined...
5 min read
A monthly fee paid by the tenant to their landlord or property manager in accordance with their lease agreement.
3 min read
A document that lists due rent and rents that have been collected on an investment property.
5 min read
The practice of renting out a long-term rental on a short-term rental platform such as Airbnb or VRBO.
2 min read
A type of insurance policy that protects the tenant’s personal belongings, lawsuits related to their tenancy, and medical expenses for injuries incurred...
5 min read
A property or portion of a property leased to a tenant in which the property owner spends no more than 14 days...
5 min read
A written, signed stipulation that verifies the terms, conditions, and current status of a lease agreement, as well as proof of cash...
3 min read
A type of real estate that has multiple floors and shares at least two of its walls with other residences.
2 min read
An independent contractor who handles the administrative tasks for a client or business, usually from a remote location.
3 min read
Affordable housing for households earning between 60-120% of their area’s median income.
5 min read
A set of regulations that control how land is used, including what types of buildings can be constructed, where they can be...
3 min read
A real estate investment tool that allows taxpayers to defer capital gains taxes by swapping one investment for another, as defined under...
3 min read
Housing on which the occupant pays no more than 30% of their gross income for housing costs, including utilities.
5 min read
Used for reporting supplemental income and loss as part of a personal tax return on IRS Form 1040.
5 min read
A government-funded program that assists low-income families in paying for housing.
3 min read
A freestanding residence that shares no common walls with any other structure.
3 min read
Slang for an unscrupulous landlord who is more concerned about their profits than their tenants or neighborhood.
3 min read
Someone who starts living on a property they don’t own without permission.
3 min read
A creature who is registered by an animal-assisted intervention organization to benefit people in need.
7 min read
A commercial real estate lease agreement in which the tenant pays the real estate taxes, insurance premiums, and maintenance costs in addition...
2 min read
A property comprising three individual units in one building, and each unit typically shares at least one common wall.
8 min read
The essential daily services that a person needs in order to have a working, functional living space.
3 min read
An investment property rented out for short periods of time, typically less than one month.
5 min read
An agreement between you and the person to whom you are renting a room within a rental unit. It outlines the rules...
3 min read
Money that a tenant gives to their landlord as proof of their intent to move in and care for the unit.
6 min read
A real estate investment strategy hinged on using cash or short-term financing to buy a distressed property or a property under foreclosure....
5 min read
A metric used to determine how profitable a real estate investment will be, calculated by taking the total amount of cash generated...
5 min read
A legal structure for a business in which the owners, or shareholders, are taxed independently from the corporation.
2 min read
A domestic creature that provides companionship to a human but has no special protections under federal law.
4 min read
Understanding the role of a cosigner in rental agreements enhances the security of your investment. Learn more about cosigners here!
5 min read
The legal right that tenants have to peacefully use their rented space without undue interference from the landlord.
2 min read
A summary of a consumer’s existing and past credit, payment habits, and types of loans taken out that are used to...
3 min read
A three-digit number between 300 and 850 that communicates a consumer’s creditworthiness based on their credit history.
4 min read
The systematic repayment of a debt or other financial obligation, often paid in installments.
6 min read
A professional opinion on the monetary value of real estate, normally conducted by a licensed appraiser independent of both the lender and...
6 min read
The amount a real estate appraiser estimates your home is worth when it comes time to sell it.
2 min read
The process of identifying, acquiring, and maintaining assets to maximize their value to an organization.
3 min read
A method to confirm an individual’s identity using financial, criminal, and commercial data.
3 min read
A mortgage in which a homebuyer makes low payments throughout the loan period but pays a lump sum at the end of...
2 min read
A mortgage in which a homebuyer makes low payments throughout the loan period but pays a lump sum at the end of...
5 min read
An animal protected by the Fair Housing Act that acts as a companion to help treat depression, anxiety, and other mental...
7 min read
Are you curious about rent-controlled apartments? Our guide will help you understand how rent control works and who sets the rates.
7 min read
A guarantor ensures a tenant's rent payment if they default on their rental obligation. Discover more about this crucial safety net in...
9 min read
Grasp the fundamental distinctions between leasing and renting, and their respective effects on landlords and tenants in diverse scenarios.
5 min read
Rental history reports are pivotal in tenant screening - dive into understanding their essence and the imperative role they play in tenant...
8 min read
What is a tenant screening report? Discover the steps to screen a renter and why it should be an essential part of...
9 min read
This comprehensive guide explores what's included in a standard lease agreement and outlines typical sections from rent price to maintenance terms.
10 min read
The covenant of quiet enjoyment is the legal right that tenants have to peacefully use their rented space, free from their landlord.
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